$250,000
FOR SALE

Business for Sale

Restaurant

Total Area: 1,500 ft2
2023 Taxes: $6,793.91

200 Marycroft Ave W #13
Vaughan, ON L4L 5X9 | Pine Valley Business Park | York

Discover the dynamic "Lamasu Lounge and Grill," a fully licensed and equipped restaurant strategically situated in a bustling plaza at a high-traffic intersection near Highway 7. This prime location is surrounded by a blend of commercial and residential areas, including several factories that contribute to a steady stream of customers. With ample parking and significant foot traffic, the restaurant is perfectly positioned to capitalize on the growing demand for dining options in the vicinity. Recently renovated, the restaurant offers a turnkey operation with a proven track record of steady sales growth and exciting potential for further expansion. As new condo developments are planned for the area, an influx of residents will further enhance the customer base, making this an opportune time for investment. Currently thriving as a lounge and grill, the versatile space can be adapted for various culinary concepts, subject to existing exclusivities. The restaurant comes with a transferable liquor license, accommodating up to 28 patrons, making it ideal for breakfast, lunch, dinner, private parties, and catering events. Lease terms are favorable at approximately $3,790.84 per month, inclusive of TMI and HST, and extend until 2027, with all agreements contingent upon landlord consent and approval. All chattels and equipment are included, with a detailed inventory available upon acceptance of an offer. This business presents a fantastic opportunity for families and newcomers eager to step into a thriving restaurant environment with solid growth potential. Don't let this exceptional opportunity pass you by. Seize the chance to make your mark in the culinary scene today!
Extras
All chairs and tables, three TVs, a surveillance system with cameras, a POS unit, and all lighting and fixtures, Glassware and more.
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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N9768476
Last Updated Oct 30, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Category Without Property
Occupancy Owner
Possession Date TBD
Taxes (2023) $6,793.91
Tax Type T.M.I.
Directions/Cross Streets Hwy 7 & Pine Valley Dr.
Neighbourhood Pine Valley Business Park
Area York
Price History

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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Retail Area 1,500 ft2
Total Area 1,500 ft2
Air Conditioning Y
Basement N
Chattels Y
Garage Type None
Days Open 7
Hours Open 12-11
LLBO Y
Employees 3
Heat Type Gas Forced Air Closd
Financial Statement N
Seats 28
Water Municipal
Lot/Bldg/Unit Code Unit
Zoning Retail
Seller Property Info Statement N

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